Active

321 Walnut Street

Santa Paula, CA 93060

$899,000 $3,790/Mo

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Overview

Bed

Bath

2,281

Sqft

6,098

Sqft(Lot)

Description

Income Producing Multi Unit Property in Santa Paula's Historic DistrictA rare opportunity to acquire a three-unit residential investment in one of Santa Paula's most stable and historically desirable neighborhoods. This property offers diversified rental income, strong tenant demand, and multiple paths for value creation.Investment Highlights Three total units across two structures Front house: 3 bedrooms, 1 bath -- ideal for a higher anchor rent or owner occupancy Rear duplex: Two 1 bed/1 bath units -- consistently in demand among singles, couples, and local workforce renters On site parking for first-come, first-served -- a premium amenity in the historic district Low vacancy location with long term tenant stability Multiple income streams on one parcel, reducing risk exposureOperational Advantages Separate structures create privacy, reducing tenant friction and turnover Straightforward layouts that are easy to maintain Strong rental comps in the area for both 1 bed and 3 bed units Potential to increase rents, modernize interiors, or reposition the front house for premium returnsMarket & Location Strength Situated in Santa Paula's historic district, known for charm, walkability, and steady rental demand Close to downtown amenities, employment centers, schools, and transit Area continues to see rising interest from investors seeking stable, supply constrained marketsUpside Potential Value add opportunities through cosmetic upgrades Potential for improved operating efficiency and stronger year over year cash flow

Property Details

Property Type : Residential Income

Price : $899,000

AD Id : 77771357

MLS Id : V1-36040

Lot Size : 6,098 Sqft

Living Area Size : 2,281

Year Built : 1900

County : Ventura

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Roof: Composition Property Appliances: Gas Range Fireplace: None Flooring: Tile,Vinyl
Cooling Features

None Air Conditioning

Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1900 Building Area Total: 2,281 Construction: Stucco Roof: Composition
Foundation

Raised,Slab

Security Features

Carbon Monoxide Detector(s),Smoke Detector(s)
Pool Features

None

Laundry Features

Outside

Fencing

Chain Link

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.14
Lot Size Source: Assessor Lot Size Square Feet: 6098

Listing Price Information

Original List Price: 899,000 Listing Contract Date: 2026-04-24
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 1000165105

Garage and Parking

Garage Description: Driveway

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: SPL - Santa Paula Directions: From 126, North on 10th Street, west on Santa Paula Street, north on Walnut by the three story Victorian home Source Property Type: Residential Income Area: SPL - Santa Paula
Building and Construction

Property Age: 126 Common Walls: 1 Common Wall Property Condition: Fixer,Repairs Cosmetic Year Built Source: Assessor Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
567 Eureka Drive, Santa Paula, CA, 93060	$849,990	4	3	2,790	2,790 SqFt
561 Eureka Drive, Santa Paula, CA, 93060	$849,990	4	3	2,703	2,703 SqFt
383 Eureka Drive, Santa Paula, CA, 93060	$765,000	3	2	2,226	2,226 SqFt
454 Celebration Lane, Santa Paula, CA, 93060	$769,999	3	2	2,226	2,226 SqFt
2075 Seville Drive, Santa Paula, CA, 93060	$785,000	3	2	1,950	1,950 SqFt
2072 Harvest Loop, Santa Paula, CA, 93060	$739,000	4	3	1,939	1,939 SqFt
2033 Oreste Lane, Santa Paula, CA, 93060	$854,990	4	3	2,820	2,820 SqFt
2041 Oreste Lane, Santa Paula, CA, 93060	$892,990	4	4	3,347	3,347 SqFt
562 Kumquat Court, Santa Paula, CA, 93060	$759,000	5	3	2,452	2,452 SqFt
683 Ledgestone Drive, Santa Paula, CA, 93060	$979,990	4	4	3,347	3,347 SqFt

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ByOwner last updated this listing 06/07/2026 @ 04:08

MLS: V1-36040 LISTED BY: Kay Wilson-Bolton, eXp Realty of California Inc 805-340-5025 SOURCE: CRMLS